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Point on the constant elasticity of demand curve

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Reference no: EM132505330

The demand curve Q=A/p, where A is a positive constant, has the property that the elasticity of demand is ?=-1 everywhere.

a. Use math to show that the revenue is the same at any given point on the constant elasticity of demand curve.

b. Show that, for any point on the constant elasticity of demand curve, the corresponding marginal revenue is zero.

Reference no: EM132505330

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